
                        Parity Technical Analysis System
                        --------------------------------
                                  Version 1.5


                          GENERAL PROGRAM INFORMATION
                          ---------------------------

    The complete Parity Technical Analysis System consists of two files
    compressed using PKZIP.

    PRTY15D1.ZIP       The first of two disks required to install Parity.
    or PRTYD1.ZIP      

    PRTY15D2.ZIP       The second of two disks required to install Parity.
    or PRTYD2.ZIP      
                       
    The most current version of Parity is always available from our BBS at
    (415) 751-1763 and will also be posted on CompuServe in the INVFORUM and 
    WINADV forums.  PRTY15D1.ZIP and PRTY15D2.ZIP total 720 KB.  You can also
    receive a copy of the Parity program files on 3 1/2" diskette for $5.00 
    if you send a check or credit card number to:

    ParTech Software Systems               ELECTRONIC MAIL ADDRESSES
    Two Bryant Street, Suite 200          CIS:      76655,2570
    San Francisco,  CA  94105             GEnie:    RICKERT
    Voice:   (415) 546-9316               Prodigy:  GKHK06A
    Fax:     (415) 546-9319               Internet: 76655.2570@compuserve.com
    
                            PROGRAM DESCRIPTION
                            -------------------

    The Parity Technical Analysis System, Version 1.5, is a sophisticated
    and powerful stock charting and technical analysis program for Windows
    3.x.  Parity includes more than 50 of the most widely used indicators
    and provides full support for complex user defined formulas up to 500
    characters long.

    Parity's chart types include HLC Bar Chart, Japanese Candlesticks, 12
    types of Point and Figure charts, Arms Equivolume charts, Crocker type
    charts, horizontal bar charts of days at price and volume at price,
    line charts and histograms.  Each Chart can include up to 9 indicators
    and 11 panes.  Panes can be stacked or overlaid and maintain
    independent scales.  Multiple indicators can be plotted in a single
    pane.  Charts can contain up to 8100 data points for each indicator.
    Two stocks can be in memory simultaneously permitting spread and
    relative strength charting.  A chart can include up to six "actions" such  
    as Price Painter(tm), MarkIt(tm), and Audible Alarms that will appear on 
    a chart depending on the user defined conditions and the price data being
    charted.

    Parity permits the user to define an unlimited number of chart types
    and configurations and up to 24 charts can be displayed simultaneously.
    Draw trendlines, Fibonacci Arcs and Channel Lines on any chart.  A
    unique user interface allows automatic charting of Groups of Stocks,
    Batches of Studies, or a Cluster of Charts in a predefined screen
    layout. The program includes exhaustive online help and is a fully
    functional evaluation copy.

    Parity is fully compatible with MetaStock, CompuTrac, ChartPro, MegaTech, 
    and comma delimited ASCII data files and has added support for TeleChart 
    2000 file format.  Price data can be imported from, or exported to, text 
    files, Excel and Lotus 123 spreadsheets.  Parity also permits you to 
    import non-price data which can be plotted or used within an indicator 
    or user defined formula.

    Parity requires Windows 3.x running in standard or enhanced mode, a
    mouse, 2 MB of memory and a VGA or higher display.  Registration is 
    $79 plus $5 shipping and handling.  


                     INDICATORS AVAILABLE IN PARITY 1.5
                     ----------------------------------

    Parity includes over 50 predefined technical indicators.  These
    indicators can be included in a chart by clicking on their name or you
    can include any indicator in a complex user defined formula just as you
    would use any other function or variable.

    AD()               Accumulation/Distribution
    ADX(p)             Average Directional Movement Index
    ADXR(p)            Average Directional Movement Rating
    ASwing(lm)         Accumulation Swing Index
    BolBands()         Bollinger Bands
    CCI(p)             Commodity Channel Index
    CO()               Chaikin's Oscillator
    DPO(p)             Detrended Price Oscillator
    DX(p)              Directional Movement Index
    EquiVol(p)         EquiVolume Indicator
    LinRegSlope()      Linear Regression Slope Indicator
    MACD()             MACD Indicator
    MASS(p)            Mass Index
    MDI(p)             Minus Directional Indicator
    MFI(p)             Money Flow Index
    MO(p)              Momentum Indicator
    MOV(d, p, t)       Moving Average - Exponential, Simple, Triangular, 
                          Weighted or Variable moving averages are supported.
    MovLinReg(d,p)     Moving Linear Regression
    NVI()              Negative Volume Index
    OBV()              On Balance Volume
    OSCP(p1,p2,t,r)    Price Oscillator
    OSCV(p1,p2,t,r)    Volume Oscillator
    PctDLine()         %D Line Function
    PctKLine()         %K Line Function
    PDI(p)             Plus Directional Indicator
    PDO(d,p)           Price Deviation Oscillator
    PriceChannel(p)    Price Channel Bands
    PVI()              Positive Volume Index
    PVT()              Price Volume Trend
    ROC(d,p,r)         Rate of Change
    RSI(p)             Relative Strength Index
    RSIX(d,p)          Relative Strength Index of data array
    SAR(AF, MAF)       Parabolic Stop and Reverse System
    STD(d,p)           Standard Deviation
    Stoch()            Stochastic Oscillator
    Swing(lm)          Wilder's Swing Index
    TR()               True Range
    TRIX(p)            TRIX Indicator
    TSF(d, p)          Time Series Forecast
    ULT(p1,p2,p3)      Larry Williams' Ultimate Oscillator.
    VAR(d,p)           Variance
    VHF(d,p)           Vertical Horizontal Filter
    VOL(pm, pr)        Chaikin's Volatility Indicator,
    VOLW(p)            Wilder's Volatility
    WC()               Weighted Close
    WILLA()            Williams' A/D
    WILLR(p)           Williams %R
    ZIG(d,c,r)         Zig Zag Indicator


                   MATH AND STATISTICAL FUNCTIONS AVAILABLE
                   ----------------------------------------

    Parity includes a complete compliment of math and statistical functions
    which can be used to create complex user defined formulas.  Each
    formula can be 500 characters long and you can include the result of
    one formula in another formula.

    Arithmetic Operators    +, -, *, /, ^, Mod, \

    Comparison Operators    =, <>, <, >, <=, >=

    Logical Operators       AND, OR, NOT, XOR, EQV, IMP

    Trig. Functions         Cos(), Sin(), Tan(), ACos(), ASin(), ATn(), ATan2()

    Exponential Functions   Exp(), Exp10(), Log(), Log10(), Sqr(), Sqrt()

    Rounding Functions      Round(), Ceil(), Floor(), Abs(), Sgn(), Bool()

    Array Functions         Sum(), Product(), RunTot(), Min(), Max(),
                            IF test THEN data1 ELSE data2

    Statistical Functions   StatNorm(), StatPercent(), StatRegress(),
                            StatMovTot(), StatMovMin(), StatMovMax()

    Data Functions          DayOfWeek(), DayOfMonth(), DayOfYear(), MonthNumber(),
                            YearNumber(), StrToDate()

    Pattern Recognition     Bottom3Bars, Bottom5Bars, Bottom7Bars, Top3Bars,
                            Top5Bars, Top7Bars, CrossAbove, CrossBelow

    ForLoop() Function      Permits you to embed self-referential formulas
                            which would require a FOR Loop in any expression.

                               ABOUT PARITY PLUS
                               -----------------

   In addition to the shareware version of Parity, we also offer an Enhanced 
   Retail Version (ERV) called Parity Plus.  Along with all the great 
   features of the shareware version, the Parity Plus software includes 
   sophisticated profit testing which lets you test the performance of the
   technical analysis strategies you devise.  You can chart the results 
   of a profit test against stock price to show the cumulative profit and the 
   profit by position and display detailed trade information by security or 
   summaries for each stock and group you are testing.  Parity Plus even 
   includes a new chart procedure, ChartProfitTest() which lets you include 
   the results of a profit test on any chart you define.  Parity Plus also 
   lets you specify five variables that you can automatically "optimize" for
   by repeatedly running the profit test on each variable as it steps through
   the range of values you specify.  If you've ever wondered whether you 
   should use a 40 day moving average vs. a 53 day moving average Parity Plus
   will let you find out! 
   
   Parity Plus also lets you filter a group of stocks and select just those 
   stocks that meet the technical criteria you set and create a new group of
   just the ones that match.  Or scan through all the stocks in a group and 
   create a sorted table with output of your indicators.

   Parity Plus also includes cycle analysis that lets you set two cycle 
   periods which are plotted right on any of your charts.  Change the width
   and horizontal position of the cycles to find the perfect match to help 
   you predict the dates for the next peak or trough in price.

   Complete data and file maintenance utilities are also built into Parity 
   Plus.  Use data maintenance to edit or manually update your data, adjust 
   for splits and distributions, or insert and delete records.  The data 
   maintenance command will also convert 5-to-7 field files and vice versa.
   The file maintenance command lets you create, copy, delete or rename your 
   data files.

   Finally, Parity Plus includes a very flexible data conversion utility that
   lets you convert data files to and from any of these formats: MetaStock,
   ChartPro/MegaTech, Telechart 2000, comma, tab, or space delimited ASCII 
   files, Lotus WKS and Excel Spreadsheets.

   Parity Plus, Version 1.5, is just $179 and $5 shipping.  Registered users 
   of Parity can upgrade to Parity Plus at any time by paying the difference 
   between their Parity registration and the current cost of Parity Plus.  
   Parity Plus is available directly from ParTech Software Systems.


    TO ORDER CONTACT:

    ParTech Software Systems                    Fax:   (415) 546-9319
    Two Bryant Street, Suite 200                CIS:     76655,2570
    San Francisco, CA  94105                    GEnie:   RICKERT
    Tel: (415) 546-9316                         Prodigy: GKHK06A
